What is Gitcoin (GTC)?
Gitcoin —— A Decentralized Collaboration Platform Based on Ethereum
- Gitcoin is a decentralized collaboration platform based on the Ethereum network, is an incentive platform for open-source software development. Its vision is to support various open-source projects through the blockchain and promote the development of the open-source movement.
- With the development and evolution of the platform, Gitcoin has already had a large number of new features, along with social, competition, funding, and educational attributes.
- Gitcoin currently supports the Layer 2 solution zkSync, and almost 65% of payments on the platform are made through zkSync. The team is accelerating its mission of building and funding digital public products and the transition from web2 to web3.
- GTC is a governance token for credibly neutral developer talent and public goods funding, and the means to progressively decentralize the Gitcoin platform through the GitcoinDAO. GTC has no economic value; it is a governance token used to oversee the Gitcoin ecosystem. It has no claim on financial rights.
Gitcoin Key Metrics
About Gitcoin
Gitcoin is a decentralized collaboration platform built on the Ethereum network, is an open-source software development incentive platform. Its vision is to support various open-source projects through the blockchain and promote the development of the open-source movement. Blockchain projects can use a certain amount of compensation to find developers who need them. With the development of the platform, different modules such as crowdfunding funding, hackathons, social and educational attributes have been extended. Gitcoin also provides an open platform for projects to apply for funding from the community and the Ethereum Foundation. Gitcoin currently supports the Layer 2 solution zkSync, and almost 65% of payments on the platform are made through zkSync. Gitcoin is accelerating its mission of building and funding digital public products and the transition from web2 to web3.
GTC Token
GTC is a governance token for credibly neutral developer talent and public goods funding, and the means to progressively decentralize the Gitcoin platform through the GitcoinDAO.
At inception, Gitcoin’s DAO will oversee a community treasury of GTC tokens, along with offering a governance framework for delegates (called Gitcoin Stewards) to participate in key ecosystem decisions such as fund allocation, matching pools, and grant collusion.
The total supply of GTC is 100,000,000 (100M) tokens, broken down as follows.
- Retroactive Airdrop – 15%
- Gitcoin DAO – 50%
- Existing Stakeholders – 35%
GTC has no economic value; it is a governance token used to oversee the Gitcoin ecosystem. It has no claim on financial rights.
Gitcoin Project Features
With the development and evolution of the platform, Gitcoin has already had a large number of new features, along with social, competition, funding, and educational attributes. In Gitcoin, you can make money while building important open-source public product projects and learn from industry leaders and build meaningful relationships. Cooperate with the builder community to develop exciting open-source projects, and provide funds to support open-source projects to build the future of the open Web.
Gitcoin has 6 major products, namely Bounties, Hackathon, Grants, Quests, kudos, and Kernel. Among them, Bounties can help developers obtain development resources; Hackathon is a hackathon, which stimulates ecological vitality; Grants is an open-source crowdfunding, and many star projects participate in it; Quests help to understand WEB3 and make it rewarded; Kudos is a way to show appreciation to each other; Kernel is based on web3's community-centric accelerator.
Gitcoin Team Members
Sachin Mittal: Developer, a professional blockchain technology expert with 3 years of experience, he has more than 12 hackathons and many projects.
Mark Beacom: Core developer, operation and maintenance development consultant, specializing in cloud computing solutions. He has more than ten years of experience in software development and operations.
Kevin Seagraves: Product manager and chief engineer, founder and product leader of Charge.
Vivek Singh: Co-founder, Head of ConsenSys Operations
Scott Moore: Co-founder, focusing on developer relations.
Alisa March: Chief product designer, with extensive experience in messaging, media, and finance.
In addition, there are developer Octavio Amuchástegui, Development Vice President Dan Lipert, Gitcoin and CodeFund co-founder Eric Berry.